Manufacturing Equipment Financing
Manufacturing Equipment Financing and Leasing covers more assets that we could possibly list due to the broad spectrum of manufacturing and processing applications that exist today in Canada.
Here is a list of some of the more common types of equipment that can be financed through banks and leasing companies.
- Welder
- Arc Welder
- Gas Welder
- Mig Welder
- Tig Welder
- Plasma Cutter
- Stick Welder
- Hoist
- Pantograph
- Polishing Machine
- Finishing Machine
- Scale
- Transformer
- Wire Fastener
- Screw Machine
- Food Processing
Equipment- Canning Equipment
- Bottling Equipment
- Cutter
- Slicer
- Food Washing
Equipment- Dry Line
- Metal Working
Equipment- Grinder
- Grinding Machine
- CNC Machine
- CNC Lathe
- Milling Equipment
- Vertical Mill
- Band Saw
- Conveyor
- Comparator
- Crane Bridge
- Crane Jib
- Deburring Equipment
- Degreaser
- Dehumidifer
- Disintegrator
- Dust Collector
- Feeding Equipment
- Filtration Equipment
- Forging Equipment
- Founding Equipment
- Frame Cutting
Equipment- Circuit Board Feeder
- Circuit Board Sorter
- Laminator
- Placement Equipment
- Through Hole
Processing- Soldering Equipment
- Semiconductor
Equipment- Etcher
- Labler
- Shrink Wrap
Machine- Blow Moulding
Equipment- Extrusion Equipment
- Injection Molding
Equipment- Vacuum Former
- Photo Mask
- Industrial laser
- Machine Tools
- Drill Tap
- Die Caster
- Electronic Discharge
Machine- Gear Hobber
- Grinder
- Horizontal Machining
Center- Vertical Machining
Center- Machine Center
- Ironworker
- Boring Mill
- Drilling Mill
- Copy Mill
- Press Brake
- Press Shear
- Punch Press
- Saw
- Stamping Press
- Turning Equipment
- Lathe
- Packaging Equipment
- Resistor
- Sputter
- Wood Working
Equipment- Dovetailer
- Table Saw
- Radial Arm Saw
While mass produced equipment items tend to be easier to finance, more customized equipment types can also be considered depending on the alternative use for the asset if any and the financial strength of the company.
Certain specialized forms of equipment may even have manufacturer related guarantees or recourse available to equipment financing sources to reduce the lender or lessor risk. In these types of cases, the manufacturer can provide a variety of different security features including repurchasing and re-marketing of the asset in the event of borrower or lessee default.
Used manufacturing equipment can also retain significant market value for a long period of time allowing for industrial equipment even greater than 20 years old to still be considered for financing. This, however will always be assessed on a case by case basis by the source of financing, but if a resale market value can be established with a certain amount of ongoing active interest in the asset type being considered, then there is a good chance for financing to be available.
When multiple pieces of equipment are required, everything may be financed under one facility or financed by individual leases or loans.
When smaller manufacturer’s are looking to acquire several different pieces of equipment at one time, its not uncommon for each piece to be financed under a separate lease, each held by a different leasing company. In this manner, all the required financing can still be secured, but the risk is spread over multiple equipment financing sources.